- READ LATER
Unpublished data shows India's fraud problems extend far beyond PNB: Report
- Reuters
- New Delhi
- February 16, 2018
- UPDATED 18:19 IST
- Email Author
HIGHLIGHTS
- State-run banks reported 8,670 loan fraud cases over last five fiscal years - RBI data.
- Amount involved in loan frauds by state-run banks total $9.58 billion, according to RBI data.
- RBI says frauds are one of the emerging risks to the financial sector.
Members of the youth Congress burn pictures of jeweller designer Nirav Modi in New Delhi. (Photo: Reuters)
HIGHLIGHTS
- State-run banks reported 8,670 loan fraud cases over last five fiscal years - RBI data.
- Amount involved in loan frauds by state-run banks total $9.58 billion, according to RBI data.
- RBI says frauds are one of the emerging risks to the financial sector.